Ministry Proposes CIT Cut for SMEs

According to Vietnam News, here, the Ministry of Finance has proposed a change in the current corporate income tax structure for small and medium sized businesses with an even greater exception for what it considers micro businesses. The cut would be from the regular 20% which is paid by all enterprises to 15-17% depending on [...]

Commercial Arbitration Centers in Vietnam

It seems that recently, the Government has updated the rules for the creation of Commercial Arbitration Centers in Vietnam. While this seems like an effort to encourage dispute resolution within the country, it also creates a schism of capabilities. Where China has one or two main centers and several ad hoc arbitrators, they do not [...]

Kofi Annan is Dead

This week we lost two great people: Aretha Franklin and Kofi Annan. One was a singer, one of the greatest singers recorded since recordings became available, the other was president of the United Natioms. I could talk a blue streak about Aretha. How her music brought soul to life, how she was direct and emotive [...]

Vietnam’s New Cyber Security Law

The new Cyber Security Law was passed last week by Vietnam’s National Assembly. The new law comes with a great deal of international controversy and doubts as to whether the law is actually in conformity with existing international treaties of which Vietnam is a signatory. Three major concerns arise from a perusal of international coverage [...]

Corporate Governance Gets a Boost

To interrupt your regularly scheduled program, here's a bit of news that's both interesting and important. On 5 April 2018, a host of public companies, assisted by international non-governmental organizations, launched the Vietnam Institute of Directors ("VID"). The VID is designed to provide instruction to CEOs and directors of publicly traded companies. The instruction will [...]

New Decree for Trading and Distribution Rights of Foreign Invested Companies in Vietnam

On 15 January 2018, the Government has promulgated Decree No. 09/2018/ND-CP detailing the Commercial Law and the Law on Foreign Trade Management on the purchase of goods and related activities of foreign investors and foreign invested companies in Vietnam (“Decree 09”). This new decree took effect from the date of promulgation and replaced Decree No. [...]

Vehicle Import Business License required in Vietnam

Being one of the most noticeable legal documents issued by Vietnam's government at the end of 2017, Decree No. 116/2017/ND-CP dated 17 October 2017 regulates the statutory conditions of vehicle manufacture, assembly, import and warranty & maintenance services ("Decree 116"). These regulations only apply to companies operating in automobile manufacture, assembly, import, warranty, and maintenance [...]

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